Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMandarin In.sg Regulatory News (MDO)

  • This share is currently suspended. It was suspended at a price of 1.65
  • There is currently no data for MDO

Interim Management Statement

10 Nov 2010 09:08

RNS Number : 9328V
Mandarin Oriental International Ld
10 November 2010
 



To: Business Editor For immediate release

 

The following announcement was issued today to a Regulatory Information Service approved by the Financial Services Authority in the United Kingdom.

MANDARIN ORIENTAL INTERNATIONAL LIMITED

Interim Management Statement

 

10th November 2010 - Mandarin Oriental International Limited has today issued an Interim Management Statement covering the period from 1st July to 9th November 2010 in accordance with the requirements of the Disclosure and Transparency Rules of the Financial Services Authority in the United Kingdom.

 

A continuation of the occupancy-led recovery reported in the first half of the year has enabled the Group to increase average room rates closer to levels seen prior to the financial crisis in 2008. Most hotels within the portfolio have maintained or enhanced their market positions relative to the competition.

 

In October 2010, the Group announced it will manage a 362-room hotel with 210 serviced apartments currently under construction in the new Lujiazui Central Financial District in Pudong, Shanghai. The opening of Mandarin Oriental Jnan Rahma, Marrakech, previously scheduled for the end of 2010, will now not occur before the first quarter of 2011. A further 14 new hotels are under development, although some are experiencing delays and one previously announced project in Atlanta will not proceed.

 

The Group remains in a strong financial position with net debt in line with what was reported at the half year.

 

Mandarin Oriental Hotel Group is the award-winning owner and operator of some of the world's most prestigious hotels and resorts. The Group now operates, or has under development, 42 hotels representing over 10,000 rooms in 27 countries, with 18 hotels in Asia, 12 in The Americas and 12 in Europe, Middle East and North Africa. In addition, the Group operates, or has under development, 13 Residences at Mandarin Oriental connected to its properties. Mandarin Oriental International Limited is incorporated in Bermuda and has a premium listing on the London Stock Exchange, with secondary listings in Bermuda and Singapore. It is a member of the Jardine Matheson Group.

 

- end -

 

For further information, please contact:

 

Mandarin Oriental Hotel Group International Limited

Stuart Dickie (852) 2895 9288

Sally de Souza (852) 2895 9167

 

GolinHarris

Annie Leung (852) 2501 7918

 

This and other Group announcements can be accessed through the Internet at 'www.mandarinoriental.com'.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IMSKBLBFBFFBFBD
Date   Source Headline
6th May 20093:17 pmRNSDoc re. non-routine AGM resolutions
6th May 20092:57 pmRNSResult of AGM
6th May 200912:14 pmRNSInterim Management Statement
29th Apr 200911:36 amRNSDividend
24th Apr 200911:38 amRNSDirector/PDMR Shareholding
23rd Apr 200911:12 amRNSDirector/PDMR Shareholding
20th Apr 200911:07 amRNSAnnual Information Update
9th Apr 200910:11 amRNSAnnual Financial Report
24th Mar 20098:54 amRNSAdditional Listing
19th Mar 20099:58 amRNSDirector/PDMR Shareholding
5th Mar 20099:05 amRNSFinal Results
9th Feb 20099:24 amRNSNotice of 2008 Final Results
20th Jan 20099:11 amRNSMO To Sell Its Equity Investment in Macau Hotel
2nd Jan 200910:26 amRNSDirector/PDMR Shareholding
29th Dec 200810:09 amRNSDirector/PDMR Shareholding
13th Nov 20089:09 amRNSInterim Management Statement
3rd Nov 20089:09 amRNSTotal Voting Rights
16th Oct 200811:26 amRNSIssue of Equity
15th Oct 200811:52 amRNSDividend
2nd Oct 200811:42 amRNSDividend
30th Sep 200811:51 amRNSTotal Voting Rights
29th Sep 200811:09 amRNSIssue of Equity
31st Jul 200810:05 amRNSInterim Results
4th Jul 200810:24 amRNSNotice of 2008 Half-Yearly Re
30th Jun 200810:22 amRNSTotal Voting Rights
19th Jun 200811:37 amRNSDirector Declaration
10th Jun 200810:22 amRNSIssue of Equity
4th Jun 200811:14 amRNSBermuda Takeover Code
3rd Jun 200811:26 amRNSDirector/PDMR Shareholding
29th May 200811:36 amRNSDirector/PDMR Shareholding
28th May 200811:16 amRNSDirector/PDMR Shareholding
27th May 200811:52 amRNSDirector/PDMR Shareholding
23rd May 200811:24 amRNSDirector/PDMR Shareholding
21st May 200812:40 pmRNSDirector/PDMR Shareholding
7th May 20083:26 pmRNSAGM Statement
7th May 20082:51 pmRNSResult of AGM
7th May 200812:31 pmRNSInterim Management Statement
2nd May 200810:23 amRNSAnnual Information Update
30th Apr 200810:21 amRNSDividend
11th Apr 200810:26 amRNSAnnual Report & Notice of AGM
9th Apr 200811:23 amRNSDirector/PDMR Shareholding
8th Apr 200811:49 amRNSDirector/PDMR Shareholding
2nd Apr 200811:29 amRNSDirector/PDMR Shareholding
1st Apr 200812:03 pmRNSDirector/PDMR Shareholding
18th Mar 200812:50 pmRNSDirector/PDMR Shareholding
18th Mar 200811:25 amRNSDirector/PDMR Shareholding
12th Mar 200811:18 amRNSDirector/PDMR Shareholding
10th Mar 200811:04 amRNSDirector/PDMR Shareholding
10th Mar 200811:04 amRNSDirector Declaration
7th Mar 200812:07 pmRNSDirector/PDMR Shareholding

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.